Tag - global-economy

 
 

GLOBAL ECONOMY

Containers stored at the Yangshan Deep-Water Port in Shanghai in 2020
BUSINESS
Aug 9, 2023
Not decoupling, but West and China drift apart
Official data showed a 14.5% drop in July exports amid weak consumer demand in the world markets served by China — the fastest decline since the pandemic.
A market in Kolkata, India. Developing nations are demanding control of their resources, in part by insisting on factories in their own countries.
BUSINESS / Economy
Aug 8, 2023
The Global South breaks away from the U.S.-led world order
Developing nations are demanding control over their resources and reordering relationship that date back to colonial times.
Members and supporters of the San Francisco Taxi Workers Alliance attend a rally outside the California Public Utilities Commission headquarters in San Francisco on Monday.
BUSINESS / Tech
Aug 8, 2023
Will AI be an economic blessing or curse? History offers clues
History shows the economic impact of technological advances is generally uncertain, unequal and sometimes outright malign.
The U.S. Capitol in Washington. After its downgrade of the U.S., Fitch’s AAA club now consists of Germany and Australia, along with seven others, including smaller, rich countries such as Switzerland and Luxembourg.
BUSINESS
Aug 4, 2023
Pristine AAA bond universe just got a whole lot smaller
Fitch's U.S. downgrade is the latest example of a decadelong trend in rich economies as worries about high and rising debt burdens come to the fore.
A new high-rise is erected in Beijing in October 2021. The same year, 41% of the assets in China’s banking system were accounted for by property-related loans and credit.
COMMENTARY / World
Aug 1, 2023
Is Japan’s economic past China’s future?
China is facing a long period of low growth similar to Japan’s experience since the 1990s.
China and India both began liberalizing their economies around the same time in the 1980s. But China invested more in human-capital and is now benefiting from that decision.
COMMENTARY / World
Aug 1, 2023
Unlike China, India cannot be an economic superpower
In the 1980s, the belief among observers was that an authoritarian Chinese regime would mismanage its economy while a democratic India would thrive.
A worker stands in front of a machine on a yarn production line in Putian, Fujian province, China, in February 2021.
BUSINESS / Economy
Jul 31, 2023
China's factory, services sectors show weakness, need for stimulus
Construction sector activity for July was its weakest since COVID-19-related workplace disruptions dissipated around February.
The Cushing storage hub in Oklahoma. Crude oil stock declines have been geographically uneven so far, with inventory falls in the United States and Europe offset by increases in China and Japan.
BUSINESS
Jul 31, 2023
Oil inventory drops set stage for higher prices
Oil inventories now play a bigger role in determining prices than the U.S. dollar because sanctions on Russia have sped up trading in other currencies.
In the international market, a larger number of airlines went bankrupt compared to domestic fliers due to the pandemic, with low-cost, long-haul carriers getting hit particularly hard.
COMMENTARY / World
Jul 28, 2023
Post-pandemic travel boom is running out of steam
Fare promotions and other signs of weakening domestic demand show business is leveling out for airlines after post-COVID-19 boom.
A farmer works in an irrigated field near the village of Botor, Somaliland in April 2016. This year’s El Nino is set to be particularly severe as it coincides with record global temperatures.
BUSINESS / Markets
Jul 24, 2023
El Nino threat looks underpriced as emerging-market bonds rally
The weather pattern typically results in hotter, drier conditions and therefore higher food prices in affected nations, giving policymakers more reason to keep pushing up borrowing costs.
The Central Business District on a rainy day in Beijing. Both U.S. and European companies with exposure to China could be hit by its sluggish growth as its post-COVID-19 momentum has faltered rapidly.
BUSINESS / Economy
Jul 21, 2023
China's sagging economy looms over quarterly results around the world
Both U.S. and European companies with exposure to China could be hit by that economy's sluggish growth as its post-COVID momentum has faltered rapidly.
Japan Times
BUSINESS / Economy
Jul 21, 2023
China's sagging economy looms over quarterly results around the world
Both U.S. and European companies with exposure to China could be hit by that economy's sluggish growth as its post-COVID momentum has faltered rapidly.
Japan Times
COMMENTARY / World
Jul 19, 2023
Don’t write off China’s economic recovery
While China's post-pandemic economic recovery has so far lagged well behind expectations, a supportive policy package can go a long way toward changing that.
Japan Times
BUSINESS
Jul 17, 2023
China’s economic recovery loses steam as GDP disappoints
GDP expanded 6.3% in the second quarter from a year prior, data released by the National Bureau of Statistics showed Monday, weaker than the median forecast of 7.1%.
Japan Times
COMMENTARY / World
Jul 16, 2023
China’s stunted transformation
China has run into major road blocks as it has attempted to implement its 'dual circulation' growth strategy.
Japan Times
BUSINESS / ANALYSIS
Jul 14, 2023
Tumbling U.S. dollar a boon to risk assets across the globe
The greenback's tumble has come as U.S. Treasury yields have eased in recent days, dulling the dollar's allure while boosting a wide range of other currencies.
Japan Times
BUSINESS
Jul 13, 2023
Financial world failing to account for likely cost of record-breaking heat
The world just had the hottest week on record, which followed the hottest June on record, but many companies and investors have not considered the risk this poses to their physical assets.
Japan Times
COMMENTARY / World
Jul 10, 2023
Shipping needs nuclear power to solve its emissions problem
The shipping industry’s energy needs far exceed the capacity of green sources like solar and wind. There is only one clean alternative: nuclear power.
Japan Times
COMMENTARY / World
Jul 6, 2023
The governance threat to global economic prosperity
The past few years have been characterized by growing political instability, which increases the risk of abrupt policy reversals that could dampen investment and undermine global economic growth.
Japan Times
COMMENTARY / World
Jul 6, 2023
The mighty U.S. dollar can fight off the digital upstarts
The de-dollarization project is counting on blockchain technology to end the greenback’s hegemony. The hope may be misplaced.

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan